Closing losing trades in forex is essential for preserving capital and maintaining long-term profitability. In trading, losses are inevitable; however, how a trader responds to them determines their overall success. Holding onto losing trades in the...

Trendlines are one of the most basic and versatile tools used by traders to identify potential support and resistance levels. A trendline is simply a straight line that connects two or more swing highs (in an uptrend) or swing lows (in a downtrend)....

The strategy that does not lose in trading is a highly sought-after concept. However, it is important to note that there is no single strategy that guarantees profits in trading. The market is unpredictable and can change rapidly, which can lead to...

Notable hawks refer to individuals or groups of people who are known for their hawkish stance on monetary policy. In the context of the Federal Reserve, hawks tend to prioritize controlling inflation over promoting economic growth. They advocate for...

A trading plan is a strategy developed by an individual trader to systemize asset evaluation, risk management, trading types, and goal setting. Most trading plans will be divided into two sections: long-term trading objectives and the path to...

It is possible for traders to discover entry zones, target prices, or stop-loss points using Fibonacci levels. A lot depends on the setup, the tactics, and the personal style of each player. Such strategies are designed to take advantage of the...

News will affect all of the related currencies. If any happens which can make a change in NZD, it will create an impact on all NZD related pairs. SO you have to be very careful about that. I think trading with news is really an important thing in...

Forex web trading refers to the process of trading foreign exchange (Forex) through a web-based platform accessible via an internet browser, without needing to download or install any software. These platforms, hosted by brokers, enable traders to...

A Simple Moving Average (SMA 55) and an Exponential Moving Average (EMA 55) are both technical indicators used to smooth price data and identify trends in financial markets. Still, they differ in how they calculate and react to price...

In the foreign exchange market, a currency quotation is used to represent the variable amount of foreign currency necessary to purchase or sell one unit of the local currency. Indirect quotes are also known as quantity quotations since they represent...